US SEC Approves Trump Media’s $2.3 Billion Bitcoin Treasury Deal

Highlights:

• Trump Media secures SEC approval to launch $2.3 billion Bitcoin treasury strategy.
• The company explores Bitcoin ETF, signaling potential U.S. regulatory shifts favoring crypto adoption.
• CEO Devin Nunes outlines expansion into social media, TV streaming, and fintech platforms.

Trump Media and Technology Group (TMTG), the parent company of Truth Social, has received official approval from the United States Securities and Exchange Commission (SEC) to move ahead with its Bitcoin plans. On June 13, the Commission approved TMTG’s S-3 registration form, which was first submitted on June 6. This green light allows the company to launch a $2.3 billion Bitcoin treasury strategy.

SEC APPROVES TRUMP MEDIA’S BITCOIN TREASURY DEAL pic.twitter.com/bybvEZ5TjS

— Kyle Chassé / DD (@kyle_chasse) June 13, 2025

Trump Media Secures $2.3 Billion to Build BTC Treasury

TMTG had made deals with about 50 investors earlier. In those deals, the company gave them around 56 million regular shares and 29 million special shares linked to loan-type agreements (called convertible notes). In return, the investors gave Trump Media about $2.3 billion in total. Now, Trump Media has officially filed papers so those investors are allowed to resell their shares to others if they want. This filing is part of the company’s promise made in those earlier agreements. It’s also one of the biggest plans by a public company to use investor money to buy Bitcoin.

Trump Media’s CEO, Devin Nunes, shared that the company is moving quickly to grow and improve its services. He mentioned that along with building a Bitcoin treasury, they are also working to expand their social media, TV streaming, and fintech platforms. The goal, he said, is to turn Trump Media into a key part of what he called the “Patriot Economy.”

Just weeks earlier, on May 27, Trump Media confirmed it had raised $2.5 billion to buy Bitcoin—shortly after denying initial reports about the plan. At that time, CEO Devin Nunes stated that the company sees Bitcoin as a top symbol of financial freedom and now considers it an important part of Trump Media’s asset strategy.

Trump Media Files for Bitcoin ETF, Signals Growing U.S. Support for Crypto

Trump Media is also exploring other ways to enter the crypto market. On June 5, the company submitted a request to the SEC to launch a spot BTC exchange-traded fund (ETF). This proposed ETF, named the Truth Social Bitcoin ETF, is designed to give traditional investors a new way to gain exposure to Bitcoin. According to the filing, Crypto.com would act as the custodian for the fund. This move follows a previous partnership aimed at creating a group of investment products known as America First ETPs.

JUST IN: President Trump's Truth Social files S-1 form for their Bitcoin ETF pic.twitter.com/OSlwAYZbln

— Bitcoin Magazine (@BitcoinMagazine) June 5, 2025

Trump Media’s move to adopt Bitcoin sends a strong signal that the United States may become more supportive of the crypto industry in the near future. Both the SEC and Congress have been working together to create a clear and transparent regulatory framework for digital assets. With clearer rules expected soon, this shift could encourage more institutional investors to view Bitcoin as a reliable hedge against rising inflation and economic uncertainty.